MARA and BitMine Shares Fall as U.S. Stocks Post Broad Losses

MARA and BitMine shares fell sharply on Nov. 6 as crypto-linked equities joined a broad U.S. market selloff, with all three major stock indexes recording steep intraday declines.

The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all closed lower; intraday figures showed declines of 3.78%, 6.83% and 4.65%, respectively.

Among individual stocks, SanDisk (SNDK) had the largest decline, falling 22.69%. AMD dropped 17.92%, and Micron (MU) lost 17.15%.

MARA, SKHY and BitMine (BMNR) posted losses of 13.35%, 13.30% and 11.43%, respectively. Across the six individual stocks, declines ranged from BitMine's 11.43% to SanDisk's 22.69%, a spread of 11.26 percentage points. The figures place crypto-linked shares among a wider market decline that affected the three indexes and individual companies on Nov. 6. All six listed stocks lost more than 10%, adding another measure of the breadth of the declines. The Nasdaq posted the steepest index decline.